You wouldn’t use a teaspoon to empty a bucket, and you wouldn’t use your grandfather’s antique watch to time a race. Selecting the right tool to get the job done is critical to success, and it’s no different in estate planning. That’s Mistake #4: Choosing the Wrong Trustee of your Trust, or Personal Representative of Your Estate.
Picking a trustee is hard. It should be someone you trust to do what you’ve asked, even if you’re not there to see it. It may seem counterintuitive, but sometimes the people who are closest to you, whom you love the most, aren’t always the best candidates. Letting emotion dictate your choice of trustee or personal representative can have negative repercussions. Be sure your choice is well-suited to objectively carry out their duties and your wishes.
If you’re struggling with what to do, or even if you have questions, let’s connect.